International Futures Markets
International Markets Futures
International Market Futures
International Markets Futures are leveraged derivative instruments listed and traded in organized international markets. Future contracts require cash settlement or physical delivery at a future date of maturity and have some specific standard features such as maturity, contract size and leverage, as determined by the relevant exchanges. You may execute your orders in commodities, precious metals, energy, indices, exchange parities, financials contracts through online platforms.
You may trade 5 days in a week and 24 hours a day in Chicago Mercantile Exchange (CME), one of the global futures exchanges with a high trading volume.
You may sign an International Market Investment account at the closest Garanti BBVA Bank or Garanti BBVA Securities branches. Please click to reach the closest branches.
To open an account, you should also present a copy of your ID card, an invoice issued in your name within the last quarter or your residence certificate issued with the valid date.
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Their underlying assets may be financial products as indices, exchange parities, commodities or interest rates & bonds.
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Futures contracts provide the opportunity to open high nominal volume positions with a low initial margin because of leverage. However, it must be kept in mind that leverage effects may lead not only to high profits, but also to high losses.
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They are standard contracts, which means that their starting and expiry dates, and initial and maintenance margins are predetermined and certain and same for everyone.
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Contracts have end-of-maturity (expiry) dates. Accordingly, investors may execute their orders until the end-of-maturity (expiry) date, and at the end-of-maturity (expiry) date, the open positions are automatically closed.
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There is an opportunity to open position in both way (either long or short), which allow the purchaser to make a profit whether the price of the underlying asset goes up or down.
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You can hedge your import and export risks.
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By benefiting from the leverage, you can trade as speculator, opening a position either long or short, and make profit as a result.
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By arbitraging, trying to catch the price differences between two markets, you may make a profit.
Futures spread contract allows you to roll-over your contracts to the next maturity date of your positions automatically. This reduces your risk to minimum in rolling-over your open positions to next maturity date manuelly.
*Trading hours may vary depending on summer/winter time applications.
For detailed information, please click.
Initial margins of futures contracts are determined by the relevant exchange and all other collateral issues are set by relevant exchange.
Investors must deposit some part of initial margin as cash to their investment account.
In the platform, equity (stock) positions may also be considered and treated as a margin depending on the risk degree of the relevant stocks.
*As soon as the second Margin Call (100%) is notified, a time of 47 hours is granted to the investor to deposit a margin to his account or to reduce his open positions for the sake of sustainability of open position. If no action is taken within this time of 47 hours granted as above, at the end of 47 hours, all available positions are automatically closed by the System via Automatic Position Closing (Stop-Out) step. However, if the Margin level falls below 100% at any time after delivery of the Second Margin Call, the application of 47 hours automatically becomes invalid and unenforceable. Thereafter, if and when the Margin level exceeds 100% again, the application of 47 hours is resumed and restarted.
Contract data valid for gold as the underlying asset is as tabulated below.
| Underlying Asset | Gold |
| Contract Size | 100 ons gold |
| Price | 1282.00 USD |
| Minimum Price Step | 1 pt = 10 $ |
| Position Size | 128.200 USD |
| Maturity Months | February, April, June, August, October, December |
| Leverage | 1:34~ |
| Initial and Maintenance Margins | Initial Margin = $3740 Maintenance Margin = $3400 |
| Commission | 10 $ + Exchange Transaction Fee |
Let us assume that 1 contract buy (long) position is opened with the expectation of a rise in gold prices.
Buy Price = 1282 Dollars / Ons
Sell Price = Gold ↑ 1292.00 Dollars / Ons
Profit = 1292 – 1282 = 10.00*100*1= 1000 $
In futures contracts, you may execute your orders via desktop or web applications through our Garanti BBVA Securities International Trader platform quickly and reliably from any location or venue 24 hours a day.
By opening a Demo account, you may experience futures contracts in foreign markets through Garanti BBVA Securities International Trader.
For opening a Demo account, please click.
For fees and comissions, please click.
*Exchange transaction fee is charged in futures contracts traded in foreign markets. Exchange transaction fee varies depending on contracts and exchange markets.
Swap points: Refers to a cost item arising out of transfer and maintenance of open positions and collected ex officio from the investor’s account in Futures Contracts Markets.
Calculation = Margin requirement * Swap point time * (Related Interbank rate + Markup (150 bps) / (365 or 360 days)
Transaction commission may vary depending on your trading volume. You may contact your customer representative or 444 0 630 to get special commission.
In foreign trading transactions, income, stamp or similar other taxes or legal deductions may vary, and all tax liabilities which may arise as per the relevant Exchange’s regulations and/or the applicable laws of the jurisdiction of trading are under the responsibility of our customers.
For opening an account for trading in Foreign Markets, you may contact our Garanti BBVA Bank or Garanti BBVA Securities Branches closest to you.
For all kinds of questions, you may contact our Investor Support Center through our phone number 444 0 630 at any time between 09:00-19:30 hours in weekdays.
